Chainlink Whale Count Hits Highest Level Since November 2023

IconCryptoNewsTerminal Staff12 Jul, 2024

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Chainlink Whale Count Hits Highest Level Since November 2023

The number of Chainlink (LINK) whales holding between 10,000 and 1 million tokens has reached its highest point since November 2023, according to data from BeinCrypto. As of June 27, there were 3,474 whales holding a combined 21% of the circulating LINK supply. This represents an increase of over 6 million LINK in the past week alone. The accumulation by whales suggests that they are bullish on the long-term prospects of Chainlink. The oracle network has seen increasing adoption in recent months, with major projects such as Aave and Synthetix integrating its services. The price of LINK has been on a steady uptrend since the beginning of the year, and is currently trading at around $7.50. The increase in whale activity is a positive sign for the future of Chainlink, and suggests that the price could continue to rise in the coming months.

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